So a quick summary if I read correctly:
IF BMN uses a long term U-price of 70USD then they can make money, but not a lot (about 230usd pre-tax, give 10% discount).
IF BMN can increase the size of their resources (which they are working on), increase the grade of their desposit (which they might given the positive results in the new drilling areas), and they can get a higher U-price in a few years time they can make a lot more money(which they probably will).
I am guessing that in the next 6 months that they will partner with a large investor which will quash all those rumours that they do not have an economic deposit.
Ann: Prefeasibility Study Results , page-64
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Last
$2.87 |
Change
-0.160(5.28%) |
Mkt cap ! $504.4M | |||
| Open | High | Low | Value | Volume |
| $2.96 | $2.97 | $2.85 | $3.719M | 1.280M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1477 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 35135 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |